Bitcoin: Mike McGlone Explains Why the Downtrend May Deepen
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最新报道：Bloomberg Senior Commodity Strategist Mike McGlone links Bitcoin's recent decline to broader equity stagnation, noting U.S. stocks' recessionary tone is pressuring crypto markets. While gold hits record highs near $3,800/oz, Bitcoin remains vulnerable as a risk-on asset. McGlone identifies $100,000 as critical Q4 psychological support—holding this level could stabilize sentiment, while a break risks accelerating declines. The divergence underscores Bitcoin's continued correlation with risk assets versus gold's safe-haven appeal.
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